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How much of product x is produced when

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Suppose the supply function for product X is given by Q x = -50 + 0.5 Px - 5Pz.

How much of product X is produced when Px = $500 and Pz = $30?

How much of product X is produced when Px = $50 and Pz = $30?

Suppose Pz= $30. Determine the supply function and inverse supply function for good X. Graph the inverse supply function.

Reference no: EM13340038

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